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PT Ketrosden Triasmitra, through its subsidiaries, (KETR) Fair Value & Analysis

Technology · ID · Market cap 1.6T IDR

PK PT Ketrosden Triasmitra, through its subsidiaries, KETR · JK
Price575.00 IDR
Fair Value1,554 IDR
Upside+170.2%
Quality64/100
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Healthy Growth
Solidly profitable · 19.3% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Wide moat 72/100
Evidence: High Range 997.49 IDR – 2,020 IDR Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Share price +13.9% over the past month.

A solid business, screening 170% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (997.49 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (997.49 IDR to 2,020 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

1,480 IDR 160.00 IDR Fair Value 1,554 IDR Nov 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

45‑month range 160.00 IDR – 1,480 IDR · fair‑value band 997.49 IDR – 2,020 IDR · the 575.00 IDR price screens below the 1,554 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Ketrosden Triasmitra, through its subsidiaries, (KETR) currently trades at 575.00 IDR, while our model-based Fair Value estimate is 1,554 IDR, implying the stock looks roughly 170.2% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PT Ketrosden Triasmitra, through its subsidiaries, generated revenue of 864B IDR at a net margin of 19.3%. Revenue grew 98.8% year over year. It earns a return on equity of 14.8%. Net debt stands at 548B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 997.49 IDR (bear case) to 2,020 IDR (bull case); at 575.00 IDR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 64% below its 52-week high and 198% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at 170%, KETR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 1,045 IDR 2,046 IDR 4,154 IDR 80
Rev-Margin DCF 657.96 IDR 1,262 IDR 2,395 IDR 74
ROIC Compounder 1,027 IDR 1,650 IDR 2,058 IDR 72
All 24 models by family
DCF Models
FCF DCF 1,111 IDR 1,806 IDR 4,079 IDR 38
Owner Earnings 112.52 IDR 296.49 IDR 699.98 IDR 31
5Y Revenue Exit 654.84 IDR 1,099 IDR 2,025 IDR 39
5Y EBITDA Exit 982.61 IDR 1,762 IDR 3,291 IDR 41
5Y P/E Exit 837.16 IDR 1,834 IDR 3,180 IDR 38
10Y Revenue Exit 774.43 IDR 1,612 IDR 2,107 IDR 36
10Y EBITDA Exit 1,041 IDR 2,334 IDR 4,584 IDR 37
10Y P/E Exit 932.47 IDR 2,014 IDR 3,765 IDR 35
Earnings-Based
Graham-Dodd 331.42 IDR 2,311 IDR 3,244 IDR 54
Lynch FV 866.56 IDR 1,238 IDR 1,609 IDR 50
PEG = 1.0 866.56 IDR 1,238 IDR 1,609 IDR 46
EPV 761.39 IDR 900.07 IDR 1,023 IDR 59
Multiples
P/E Multiple 731.07 IDR 974.76 IDR 1,218 IDR 63
P/S Multiple 495.08 IDR 660.11 IDR 825.14 IDR 58
P/B Multiple 621.41 IDR 828.55 IDR 1,036 IDR 55
EV/EBIT 1,154 IDR 1,547 IDR 1,940 IDR 53
EV/EBITDA 894.89 IDR 1,201 IDR 1,508 IDR 54
EV/Revenue 437.62 IDR 635.65 IDR 833.69 IDR 43
Asset-Based
NCAV (Graham) 205.07 IDR 274.79 IDR 410.14 IDR 50
Growth DCF
Growth DCF 1,045 IDR 2,046 IDR 4,154 IDR 80
Rev-Margin DCF 657.96 IDR 1,262 IDR 2,395 IDR 74
Economic Profit
Residual Income 384.79 IDR 464.55 IDR 1,045 IDR 61
ROIC Compounder 1,027 IDR 1,650 IDR 2,058 IDR 72
Growth Earnings
Growth-Adj P/E 1,088 IDR 1,554 IDR 2,020 IDR 68

Widest divergence: DCF Models (1,762 IDR) versus Asset-Based (274.79 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 864B IDR
Revenue growth (YoY) +98.8%
Net margin 19.3%
Return on equity 14.8%
Free cash flow 181B IDR FY2025
P/E ratio 9.4
More key figures
Operating margin 28.7%
EPS (TTM) 58.80 IDR
EPS growth (YoY) +171%
Net debt 548B IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 53

Profitability 43
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PT Ketrosden Triasmitra, through its subsidiaries, operates as a telecommunication infrastructure company in Indonesia. The company operates through Construction Services and Sales of Fiber Optic Cable System; and Maintenance and Manage Services of Fiber Optic Cable System segments.

Full company description

PT Ketrosden Triasmitra, through its subsidiaries, operates as a telecommunication infrastructure company in Indonesia. The company operates through Construction Services and Sales of Fiber Optic Cable System; and Maintenance and Manage Services of Fiber Optic Cable System segments. It also provides cable management and maintenance services, as well as sells submarine and terrestrial fiber optic cable systems. In addition, the company offers construction of electrical and telecommunication line services. The company was founded in 1994 and is based in Jakarta Timur, Indonesia. PT Ketrosden Triasmitra operates as a subsidiary of Pt Fajar Sejahtera Mandiri Nusantara.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Ketrosden Triasmitra, through its subsidiaries, reported revenue of 750B IDR in FY2025 versus 449B IDR in FY2021, a compound +13.7%/yr. Reported net income was 138B IDR in FY2025, compounding +4.8%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
750B IDR
Latest YoY
+34.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+28.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.3%
Avg. growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.0%
Revenue +13.7%/yr
FY21 449B IDR
FY22 353B IDR
FY23 391B IDR
FY24 556B IDR
FY25 750B IDR
Net income +4.8%/yr
FY21 115B IDR
FY22 67.6B IDR
FY23 77.5B IDR
FY24 84.9B IDR
FY25 138B IDR

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Cite: Fair Value Calculator (2026). "PT Ketrosden Triasmitra, through its subsidiaries, Fair Value". https://www.fairvalue-calculator.com/stock/KETR

Peer Group

Communication Equipment · 286 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Above median
Fair Value upside +170% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 99% · Top 25%
Debt / equity 0.28× · Higher than 75% of peers

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 9.4× · Cheaper than 75% of peers
P/B 1.34× · Cheaper than median
P/S (TTM) 1.81× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 100 · sector 30
PAST 59 · sector 15
HEALTH 86 · sector 98
DIVIDEND 0 · sector 25

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is PT Ketrosden Triasmitra, through its subsidiaries, (KETR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 1,554 IDR versus a price of 575.00 IDR, about +170% (undervalued).
What is the fair value of KETR?
Our model-based fair value for PT Ketrosden Triasmitra, through its subsidiaries, is 1,554 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 575.00 IDR.
What is the quality score of KETR?
PT Ketrosden Triasmitra, through its subsidiaries, has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of PT Ketrosden Triasmitra, through its subsidiaries, (KETR)?
PT Ketrosden Triasmitra, through its subsidiaries, reported trailing-twelve-month revenue of about 864B IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of KETR?
The net profit margin of PT Ketrosden Triasmitra, through its subsidiaries, is about 19.3%, meaning it keeps roughly 19.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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